Saab Ericsson Space - Change of Command

Press release

11 February 2000

Saab Ericsson Space, Sweden - Change of Command

Ivan Öfverholm, President and CEO of Saab Ericsson Space in Göteborg,Sweden will leave as CEO April 1, 2000. After leading the Company forexactly 16 years he leaves as CEO to take the role of Adviser to theBoard. He will remain as Chairman of Austrian Aerospace, Vienna and inother Boards. Saab Ericsson Space reported 1999 the best result so farafter a continuous growth for 10 years. As his successorMr Bengt Mörtberg has been appointed new President for Saab Ericsson Space AB. He has previously served as the General Manager for Saab Ericsson Space Mechanical Systems Division.

Bengt Mörtberg holds a Master's degree of Engineering from the Universityof Technology in Linköping, Sweden. He has worked for Saab Ericsson Spaceat several occasions since 1975 and in various staff positions. BengtMörtberg has acquired a wide international experience from differentappointments in leading positions within the Inmarsat in London andPrinceton, NY, USA for more than 10 years.

Bengt Mörtberg will continue the build-up work for a network ofindependent suppliers of space equipment.

"Saab Ericsson Space operates in an very exciting technical field withgreat market potential, says Bengt Mörtberg. The ongoing reorganization ofinternational space industry increases the demands on subsystem suppliers.Saab Ericsson Space structure with focus on products, customers andmarkets is well prepared to meet the international competition. It will bevery stimulating to conduct the company into the new millenium", continuesBengt Mörtberg.

Saab Ericsson Space is an international supplier of equipment for use inspace. The company develops and manufactures computers, antenna systems,microwave electronics and guidance and separation systems for launchvehicles and satellites, and is the world leader in several of its productareas.

The headquarters is located in Göteborg, a Technical Division is at Saabin Linköping and there are subsidiaries in Austria and the USA. Of thecompany's 650 employees, more than half hold Master's or Doctor's degreesin technical fields.

Saab Ericsson Space is jointly owned by Saab and Ericsson.

Saab AB is active in the aircraft-, space- and defense industry andsupplies advanced products and systems based on sophisticated informationtechnology. The business areas are Military Aerospace, Space, TrainingSystems, Commercial Aircraft and Combitech.

Photograph of Bengt Mörtberg are available onwww.saab.se/media/picgal.html

This and other information is also available at our Web site www.space.se

------------------------------------------------------------Please visit http://www.bit.se for further informationThe following files are available for download:http://www.bit.se/bitonline/2000/02/11/20000211BIT00740/bit0001.doc http://www.bit.se/bitonline/2000/02/11/20000211BIT00740/bit0002.pdf

Due to legal restrictions, the information on this part of Saab’s website is only directed at and accessible to persons who are resident and physically present in Sweden and authorized persons who are resident and physically present in other jurisdictions outside the United States, Canada, Japan, India, Australia, South Africa, Hong Kong or Singapore.

The senior graduates have handed over the torch to us, the juniors, and we are slowly acclimating to our new roles and have finally started our great journey within Saab. While writing this, all of us are spread out across Sweden from north to south and are currently learning and developing our skills at our first or second rotation. Though we only have been part of Saab for roughly three months, a completely new world of knowledge has opened up in front of us. However, before we ramble on any further we would like to take this moment to first and foremost thank the graduates of 2017/2018 for being so helpful, friendly and answering all our questions.

And now, you will find an introduction of us, the graduates of 2018/2019. We are looking forward to sharing this journey with all of you!